35 min listen
Jobs data jolts commodities and battery metal sector stays busy
Jobs data jolts commodities and battery metal sector stays busy
ratings:
Length:
5 minutes
Released:
Oct 7, 2023
Format:
Podcast episode
Description
Many commodities were routed in October, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with Kitco correspondent Paul Harris. Gold prices dropped to a fresh seven months below after data showed that the us economy created 336,000 jobs last month, significantly beating the market's expectations. However, according to some analysts, disappointing wage growth and an unchanged unemployment rate gives the federal reserve room to leave rates on change next month. And with that gold recovered slightly and finished the week in the 1840 range, copper traded lower this week to hitting its lowest point since May. The big commodity surprise was oil. Early this month, oil looked like it might crest $100 a barrel prices, but prices retreated sharply, and now a barrel can be had for the low 80s.
Released:
Oct 7, 2023
Format:
Podcast episode
Titles in the series (100)
Why gold doesn't like normal: With markets looking past the disputed election and a stalled stimulus, editor Neils Christensen said gold is trending down in the short term. On Friday Christensen was joined by correspondent Paul Harris and mining audiences manager Michael McCrae to record Kitco Roundtable podcast. Special guest was Patricia Dillon, former president of the PDAC. by Kitco NEWS Roundtable